JP Morgan
Deutsche Bank traders let go as part of fix probe
FX regulatory probe heats up as four traders lose their jobs at Deutsche Bank
Disappointing Q4s cited as proof of Ficc regulatory squeeze
The pressure of regulation is making its mark on the profitability of the fixed income, currencies and commodities businesses of large banks, say analysts
JP Morgan’s Rohrbaugh takes chair at Fed FX committee
Troy Rohrbaugh, global head of FX and rates at JP Morgan, succeeds Citi’s Jeff Feig as chair of the FX committee in the US
FX market participants express concern and confusion over Sef trading
Trading on swap execution facilities in the US was introduced in a cloud of confusion and uncertainty. The market seems to have recovered from the initial shock, but there are concerns that Europe’s take on Sef trading will do longer-lasting damage. By…
JP Morgan's Hudson promoted to divisional CFO
David Hudson promoted to chief financial officer in the global markets business at JP Morgan; other changes at CME, Barclays and Alpari
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of FX benchmarks
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
Lloyds hires in UK corporate sales
Andrew Stirling departs RBS after 10 years to join Lloyds in a London sales role. Meanwhile, Deutsche hires structurer from BAML, and City Index loses global head of trading
US government shutdown impacts on dollar expectations
The timetable for tapering of quantitative easing and the performance of the US dollar could both be impacted if the shutdown continues, say strategists
SEB hires Hedin from JP Morgan
Svante Hedin will join SEB in October as the Swedish bank reshuffles and expands its e-FX team in Stockholm
Citi loses in e-FX sales
Eugenia Hanoune, head of e-FX sales for Emea, sees a number of departures from her team in London
Nomura expands with senior FX hires
Adam Redland has joined in FX sales in London, while Glenn Phillips joins in options trading in Singapore
Nomura loses e-FX sales head in New York
Ralitza Fortunova has left the Japanese bank after three-and-a-half years
JP Morgan loses FX options trader
David Pennell is leaving the US bank after nine years
Svante Hedin leaves JP Morgan
US bank is now looking to replace its head of FX automated trading strategies
MarkitServ squares up to Traiana over pre-trade hub
Most participants believe the market will centre on one provider for pre-trade credit checking and clearing certainty - but both MarkitServ and Traiana hope to win the race
BNP Paribas beefs up client clearing team
The French bank has made seven new hires to build out its new derivatives client clearing business, including three from JP Morgan
Ex-JP Morgan algo head joins BAML
Alex Shterenberg joins Bank of America Merrill Lynch in New York after six years with JP Morgan
EBS Direct begins beta testing with four liquidity providers
Icap's push into disclosed FX liquidity takes a further step as EBS Direct enters beta testing
Trading Places, May 10, 2013
Citi hires in options sales, Morgan Stanley's Marfat joins BNP Paribas, while Oanda appoints a new chief executive in Asia-Pacific
Banks face tough decisions in platform programming
Some market participants are calling for greater use of programming language HTML5 as an industry standard for web-based platforms. But banks say they must wait for clients to catch up before migrating to something new
JP Morgan loses head of FX algo products
Alex Shterenberg departs the bank in New York
Spotlight on: Scott Wacker, JP Morgan
Scott Wacker, head of foreign exchange sales for Europe, the Middle East and Africa at JP Morgan, talks to Robert Mackenzie Smith about how he plans to keep his team evolving